#1
Which era marked the beginning of modern economic transformations?
#2
Who is considered the father of modern economics?
#3
Which economic system emphasizes private ownership and free market forces?
#4
What major economic event is often associated with the year 1929?
#5
Which country experienced the 'Meiji Restoration' leading to rapid modernization and industrialization in the late 19th century?
#6
What economic theory advocates for government intervention to stabilize the economy through monetary and fiscal policies?
#7
Which agreement established the framework for international trade and reduced trade barriers?
#8
Which economic theory argues that government should have minimal intervention in economic affairs, leaving markets to operate freely?
#9
Who proposed the theory of comparative advantage?
#10
Who coined the term 'creative destruction' to describe the process of innovation replacing outdated economic structures?
#11
Which economic concept measures the total market value of all final goods and services produced within a country in a given period?
#12
Who is known for developing the theory of the business cycle, which describes the recurring phases of economic growth and contraction?
#13
What term describes a situation where one party has a more complete understanding of a transaction than the other, leading to unequal outcomes?
#14